US Treasury Secretary Janet Yellen acknowledged sharp moves in the value of the yen this week, even as she declined to say whether Japan had intervened to support the currency.

Yellen counsels caution on currency intervention after yen surge

Labour wins in the UK’s two biggest cities completed a string of local election successes by opposition leader Keir Starmer that showed his party firmly on course for victory at a general election later this year.

Labour mayor wins cap triumphant election run for Starmer

Paytm appointed new business executives as the troubled fintech firm’s chief operating officer resigned.

Paytm appoints new executives as COO resigns

Warren Buffett said he expects the US government to increase taxes to tackle widening fiscal deficits rather than reduce spending.

Warren Buffett says taxes may rise to offset widening US deficits

Warren Buffett assured Berkshire Hathaway shareholders on Saturday that the executives expected to succeed him were ready for the job, and he heaped praise on Apple although Berkshire trimmed its position in the iPhone maker.

Buffett says Berkshire in good hands, lauds Apple despite lowering stake

China's Ping An Insurance Group Co, the biggest Asian investor in HSBC did not support reappointing chief executive Noel Quinn as a director to the banks board at the its shareholder meeting, a source familiar with the matter told Reuters on Saturday, as the investor voted against such a move.

Ping An votes against reappointment of HSBC CEO as director — Reuters

Mathew Ngau Jau is not a fan of hectic city life, though there is certainly something to smile about as he visits Kuala Lumpur this week for a very special recognition at the 19th Boh Cameronian Arts Awards (BCAA).

Treasure of Borneo

In the May 6 issues of City & Country, the cover story features Eastern & Oriental Bhd’s (E&O) Andaman Island in Penang. The reclaimed island project is taking shape and will come in two phases. Phase one covers 253 acres, while phase two will cover 507 acres. Reclamation work for phase one started in 2015 and was completed in December 2019. Work on phase two is ongoing, with the entire reclamation exercise set to be completed by December 2028.

Developing community living sustainably

Communications Minister Fahmi Fadzil on Saturday said the Cabinet has not discussed about a price hike for petrol and diesel yet.

Fahmi: Foreign media reports not true as Cabinet yet to discuss price hike for petrol and diesel

Hong Kong issued its first red rainstorm warning of the year on Saturday as downpours caused flooding in areas of the territory, shutting roads and disrupting public transportation.

Hong Kong issues 2024’s first red storm signal amid flooding

China's Ping An Insurance Group Co, the biggest Asian investor in HSBC did not support reappointing chief executive Noel Quinn as a director to the banks board at the its shareholder meeting, a source familiar with the matter told Reuters on Saturday, as the investor voted against such a move.

Mathew Ngau Jau is not a fan of hectic city life, though there is certainly something to smile about as he visits Kuala Lumpur this week for a very special recognition at the 19th Boh Cameronian Arts Awards (BCAA).

In the May 6 issues of City &amp; Country, the cover story features Eastern &amp; Oriental Bhd’s (E&amp;O) Andaman Island in Penang. The reclaimed island project is taking shape and will come in two phases. Phase one covers 253 acres, while phase two will cover 507 acres. Reclamation work for phase one started in 2015 and was completed in December 2019. Work on phase two is ongoing, with the entire reclamation exercise set to be completed by December 2028.

Labour wins in the UK’s two biggest cities completed a string of local election successes by opposition leader Keir Starmer that showed his party firmly on course for victory at a general election later this year.

Warren Buffett said he expects the US government to increase taxes to tackle widening fiscal deficits rather than reduce spending.

US Treasury Secretary Janet Yellen acknowledged sharp moves in the value of the yen this week, even as she declined to say whether Japan had intervened to support the currency.

Paytm appointed new business executives as the troubled fintech firm’s chief operating officer resigned.

To the dismay of many economists, US President Joe Biden’s administration has retained most of its predecessor’s tariffs and trade barriers. In fact, contrary to most analysts’ expectations, the US has imposed additional protectionist measures, such as Biden’s “buy American” policies, resulting i...

Making globalisation work: From trade war to subsidy war

It may come as a surprise to learn that the world’s third-largest sporting event (after football’s World Cup and the Olympics) kicked off in the early hours of Sept 9 in the sort of Paris suburb where you might feel safer if you had a rugby player by your side.

There were plenty among t...

Business of Sports: How rugby went from elite colonial sport to mega event

FOR the second time in three months, US graphics chip giant Nvidia Corp reported a blowout quarterly earnings on Aug 23. The company is benefiting from an insatiable demand for artificial intelligence (AI) chips.

The demand is coming not just from firms that are trying to take advantage...

Tech: What’s next for Nvidia and the ongoing AI boom

IN what appears to be his last act as the attorney-general, Tan Sri Idrus Harun instructed his officers to apply for a discharge not amounting to an acquittal (DNAA) of all 47 charges against Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi for dishonest misappropriation of RM31 million belong...

Court: Zahid’s DNAA sparks firestorm

During an exclusive media tour of IGB Bhd’s Mid Valley Southkey in Johor Bahru last month, City & Country saw how much the vicinity has transformed since The Mall — the first phase of the master plan — was opened to the public in 2019.

An integrated mixed-use developme...

Mid Valley Southkey caters for Johor Bahru’s commercial needs

IN the early years of scan-to-pay, before Covid-19 struck, Boost Holdings Sdn Bhd was the trailblazer in the e-wallet space but it was outshone by other players when the pandemic’s social-distancing requirement accelerated the adoption of contactless payment throughout the country.

Grou...

Boost’s brownfield lending business sets foundation for digital banking path to profitability

IT would appear that defeatism does not exist in DAP secretary-general Anthony Loke Siew Fook’s playbook.

Not when the results of the 15th general election (GE15) and the recent six state elections (PRN15) showed that Malay voters were still largely averse to the multiracial but Chinese...

Cover Story: Evaluate us not based on colour and political background, but our performance, says Loke

THE government will not interfere in commercial decisions made by government-linked companies (GLCs), but their boards of directors and management must be held accountable for their actions, says Minister of Transport Anthony Loke Siew Fook.

The recent suspension of Malaysia Airports Ho...

Cover Story: Government to stay out of GLCs’ commercial decisions but board and management must be held accountable

ANTHONY Loke Siew Fook wears many hats. The Minister of Transport is not only the secretary-general of DAP but also the member of parliament for Seremban and state assemblyman for Chennah in Negeri Sembilan.

And when Umno president and Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi...

Cover Story: improving connectivity for all Malaysians

Combating financial crime and money laundering is a cornerstone of a broader agenda to fight organised and serious crime by depriving criminals of their ill-gotten gains. Apart from prosecuting those who assist in the laundering of such proceeds, a number of strategies can be employed to recover ...

The Edge Malaysia

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